National Governors Association Center for Best Practices

Analysis

National Governors Association Center for Best Practices is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1974, 52 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Governors Association Center for Best Practices reported income of $13.3m and spending of $15.4m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $19.0m to $13.3m (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Governors Association Center for Best Practices sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include Trehab ($13.3m), St Andrews-Sewanee School ($13.3m) and The Kingsley Montessori School Inc ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $2.2m (14% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $33.5m against liabilities of $1.2m, net assets of $32.3m.